Thesis Abstract

Abstract
The emergence of cryptocurrency has revolutionized the financial landscape, challenging traditional banking systems and offering new opportunities for financial transactions. This thesis investigates the adoption of cryptocurrency within traditional banking systems, exploring the implications, challenges, and opportunities associated with this disruptive technology. The research employs a mixed-methods approach, combining qualitative interviews with key stakeholders in the banking and cryptocurrency sectors, as well as quantitative data analysis to provide a comprehensive understanding of the dynamics at play. The study begins with an introduction to the topic, providing a background of the evolution of cryptocurrency and its impact on traditional banking systems. The problem statement highlights the need to assess the readiness of banks to integrate cryptocurrencies into their operations and the potential benefits and risks associated with this transition. The objectives of the study are to evaluate the current level of cryptocurrency adoption in traditional banking systems, identify the key challenges faced by banks in integrating cryptocurrencies, and propose strategies to enhance the adoption process. Limitations of the study, including data availability and access to key stakeholders, are acknowledged, while the scope of the study is defined to focus on selected banks and financial institutions in a specific geographic region. The significance of the study lies in its potential to inform policymakers, regulators, and industry stakeholders about the implications of cryptocurrency adoption on traditional banking systems and the broader financial ecosystem. The thesis structure comprises five chapters, with Chapter 1 providing an overview of the research framework, including the introduction, background of the study, problem statement, objectives, limitations, scope, significance, and definition of terms. Chapter 2 presents a comprehensive literature review, exploring existing research on cryptocurrency adoption, banking industry trends, regulatory frameworks, and technological innovations shaping the financial landscape. Chapter 3 details the research methodology, outlining the research design, data collection methods, sampling techniques, and data analysis approaches employed in the study. The chapter also discusses ethical considerations and limitations encountered during the research process. Chapter 4 presents the findings of the study, analyzing the current state of cryptocurrency adoption in traditional banking systems, key challenges faced by banks, and opportunities for enhancing integration. Finally, Chapter 5 summarizes the key findings, discusses the implications of the research, and provides recommendations for policymakers, regulators, and industry stakeholders. The conclusion highlights the importance of proactive strategies to facilitate the adoption of cryptocurrency in traditional banking systems, emphasizing the need for collaboration, innovation, and regulatory clarity to navigate the evolving financial landscape.

Thesis Overview